{"id":18144,"date":"2025-02-20T15:18:18","date_gmt":"2025-02-20T08:18:18","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=18144"},"modified":"2025-02-20T15:18:18","modified_gmt":"2025-02-20T08:18:18","slug":"capitaland-investment-expands-private-credit-fund-business-to-south-korea-with-the-close-of-maiden-krw-180-billion-fund","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=18144","title":{"rendered":"CapitaLand Investment expands private credit fund business to South Korea with the close of maiden KRW 180 billion fund"},"content":{"rendered":"<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" title=\"logo\" src=\"https:\/\/mma.prnasia.com\/media2\/2359216\/CapitaLand_Investment_HD_Logo.jpg?p=medium600\" alt=\"\" width=\"118\" border=\"0\" hspace=\"0\" vspace=\"0\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul type=\"disc\">\n<li><strong><em>Forms strategic partnership with Korea Investment &amp; Securities<span>, <\/span><\/em><\/strong><strong><em><span>signifying ambition to further grow CLI&#8217;s private credit portfolio in <span class=\"xn-location\">South Korea<\/span><\/span><\/em><\/strong><\/li>\n<li><strong><em>Deploys\u00a0KRW 40 billion loan for a data centre development in Guro, <span class=\"xn-location\">Seoul<\/span><\/em><\/strong><\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SEOUL, South Korea<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 20, 2025<\/span><\/span> \/PRNewswire\/ &#8212; CapitaLand Investment Limited (CLI), a leading global real asset manager, has closed its first <span class=\"xn-location\">South Korea<\/span> private credit fund with a total equity commitment of <span class=\"xn-money\">KRW 180 billion<\/span><sup>[1]<\/sup> (<span class=\"xn-money\">S$169.2 million<\/span><sup>[2]<\/sup>), increasing its funds under management in its focus market of <span class=\"xn-location\">South Korea<\/span> to <span class=\"xn-money\">S$3.1 billion<\/span>. The\u00a0<span>CapitaLand Korea Investment<\/span> No. 1 Private Equity Fund (PEF) will invest in construction, asset-backed or mortgage loans for diversified asset classes such as\u00a0data centre, lodging, office or residential in gateway cities in <span class=\"xn-location\">South Korea<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2603440\/Guro_DC.html\" rel=\"nofollow\" target=\"_blank\"> <img decoding=\"async\" title=\"CapitaLand Investment's PEF has deployed a KRW 40 billion loan for the development of a data centre (pictured) in Guro, Seoul. With positive demand-supply dynamics and 30 megawatts of power secured, the data centre is well-positioned to capture demand when completed in 3Q 2028.\" src=\"https:\/\/mma.prnasia.com\/media2\/2603440\/Guro_DC.jpg?p=medium600\" alt=\"CapitaLand Investment's PEF has deployed a KRW 40 billion loan for the development of a data centre (pictured) in Guro, Seoul. With positive demand-supply dynamics and 30 megawatts of power secured, the data centre is well-positioned to capture demand when completed in 3Q 2028.\" \/> <\/a> <br \/><span>CapitaLand Investment&#8217;s PEF has deployed a KRW 40 billion loan for the development of a data centre (pictured) in Guro, Seoul. With positive demand-supply dynamics and 30 megawatts of power secured, the data centre is well-positioned to capture demand when completed in 3Q 2028.<\/span><\/p>\n<\/div>\n<p>CLI has formed a strategic partnership with Korea Investment &amp; Securities (KIS), a subsidiary of a major financial conglomerate Korea Investment Holdings, to jointly manage PEF as co-general partners. <span>CLI holds an 11% sponsor stake in PEF, which is in line with its asset-light strategy to grow its funds under management while keeping strong alignment with investors.<\/span><\/p>\n<p>PEF has deployed a KRW 40 billion loan for the development of a data centre in Guro, Seoul. The\u00a0Guro district is a key data centre cluster in the west of <span class=\"xn-location\">Seoul<\/span>, five kilometres from Yeouido Business District. The cluster hosts several leading cloud companies as well as IT and financial companies. With positive demand-supply dynamics and 30 megawatts of power secured, the data centre is well-positioned to capture demand when completed in 3Q 2028. <span>SK Ecoplant, which has a credit rating of A-, will deliver the project and provide completion guarantee. SK Ecoplant is the construction and engineering arm of SK Group \u2013 one of the largest conglomerates in <span class=\"xn-location\">South Korea<\/span>. KT\u00a0Cloud Corp., a subsidiary of <span class=\"xn-location\">South Korea&#8217;s<\/span> telecommunications giant KT Corp, will lease and operate the data centre.<\/span><\/p>\n<p>Mr <span class=\"xn-person\">Matthew Sohn<\/span>, CLI&#8217;s Chief Executive Officer for Korea, said: &#8220;The strong institutional participation in PEF is testament to the network and trust CLI has built over more than 20 years of operating in the country. Leveraging\u00a0CLI&#8217;s deep understanding of <span class=\"xn-location\">South Korea&#8217;s<\/span> real estate investment landscape across multiple asset classes, we are able to expand our suite of fund products and identify suitable investment opportunities to meet investors&#8217; demand.&#8221;\u00a0<\/p>\n<p>&#8220;CLI has been fast-tracking its growth in private credit and its entry into <span class=\"xn-location\">South Korea&#8217;s<\/span> private credit segment is in line its investment strategy that focuses on the theme of &#8216;Disruption&#8217;. Despite the gradual decline in interest rates, South Korean banks have been reducing their proportion of real estate loans in their portfolio<sup>[3]<\/sup>. As traditional lenders in <span class=\"xn-location\">South Korea<\/span> become increasingly conservative, the widening funding gap creates opportunities for private lenders. Through our strategic partnership with\u00a0KIS, the combination of our deal-sourcing, fund management and private credit expertise will position PEF for success. We <span>see strong potential to scale our private credit portfolio in <span class=\"xn-location\">South Korea<\/span> and<\/span> remain committed to delivering long-term value for our capital partners,&#8221; added Mr\u00a0Sohn.<\/p>\n<p><span>CLI&#8217;s expansion in private credit<\/span><\/p>\n<p>The launch of PEF in <span class=\"xn-location\">South Korea<\/span> follows <a href=\"https:\/\/www.capitaland.com\/en\/about-capitaland\/newsroom\/news-releases\/international\/2024\/december\/CLI-announces-acquisition-Wingate-boost-private-credit-capabilities-Australia-presence.html\" rel=\"nofollow\" target=\"_blank\">CLI&#8217;s announcement in <span class=\"xn-chron\">December 2024<\/span> to acquire<sup><span>[4]<\/span><\/sup> Wingate for <span class=\"xn-money\">A$200 million<\/span><sup>[5]<\/sup>\u00a0<\/a>\u00a0(<span class=\"xn-money\">KRW 182.6 billion<\/span><sup>[6]<\/sup>). Wingate is one of <span class=\"xn-location\">Australia&#8217;s<\/span> leading and largest private credit investment managers. With the addition of\u00a0Wingate, CLI will expand its private credit business and its portfolio in <span class=\"xn-location\">Australia<\/span>. Wingate will also enlarge CLI&#8217;s extensive proprietary deal origination networks and enhance its access to more institutional and private high net worth investors.\u00a0<\/p>\n<p>In <span class=\"xn-chron\">November 2024<\/span>, CLI also announced the close of its Australia Credit Program (ACP). Conceived and originated in partnership with\u00a0Wingate, ACP is CLI&#8217;s <span class=\"xn-money\">A$265 million<\/span> (<span class=\"xn-money\">KRW 241.9 billion<\/span><span><sup>[<\/sup><sup>6]<\/sup><\/span>) maiden credit fund.\u00a0<\/p>\n<p><span>Growing CLI&#8217;s presence in <span class=\"xn-location\">South Korea<\/span><\/span><\/p>\n<p>With the addition of PEF, CLI manages 16 private funds in <span class=\"xn-location\">South Korea<\/span>. In August 2024,\u00a0<a href=\"https:\/\/www.capitaland.com\/en\/about-capitaland\/newsroom\/news-releases\/Korea\/CLI-closes-new-KRW-200-billion-value-add-office-fund-in-South-Korea-to-grow-funds-under-management.html\" rel=\"nofollow\" target=\"_blank\">CLI closed a value-add office blind pool fund in <span class=\"xn-location\">South Korea<\/span> with total equity commitment of <span class=\"xn-money\">KRW 200 billion<\/span><\/a> (<span class=\"xn-money\">S$188 million<\/span><sup>[2]<\/sup>). The private fund is a strategic partnership with KB Bank, an affiliate of the country&#8217;s largest financial group, KB Financial Group. In September 2023,\u00a0CLI&#8217;s flagship regional core-plus fund, CapitaLand Open End Real Estate Fund, acquired a newly completed, high specifications logistics property <a href=\"https:\/\/www.capitaland.com\/en\/about-capitaland\/newsroom\/news-releases\/international\/2023\/september\/COREF_exceeds_SGD1bil_FUM.html\" rel=\"nofollow\" target=\"_blank\">Anseong Seongeun Logistics Centre for <span class=\"xn-money\">S$112 million<\/span> (<span class=\"xn-money\">KRW 119.1 billion<\/span><sup><span>[7]<\/span><\/sup>)<\/a><a href=\"https:\/\/www.capitaland.com\/en\/about-capitaland\/newsroom\/news-releases\/international\/2023\/september\/COREF_exceeds_SGD1bil_FUM.html\" rel=\"nofollow\" target=\"_blank\">.<\/a><\/p>\n<p>CLI&#8217;s diversified portfolio in <span class=\"xn-location\">South Korea<\/span> comprises offices, logistics facilities, lodging properties, self-storage and data centres<sup>[8]<\/sup>. CLI has nine serviced residences and hotels, with more than 2,400 units in <span class=\"xn-location\">Seoul<\/span>, <span class=\"xn-location\">Busan<\/span>, Cheongju, Incheon and Jeju, through its wholly owned lodging business unit, The Ascott Limited and its lodging trust, CapitaLand Ascott Trust.<\/p>\n<p><strong>About CapitaLand Investment Limited (<\/strong><a href=\"http:\/\/www.capitalandinvest.com\/\" rel=\"nofollow\" target=\"_blank\"><strong>www.capitalandinvest.com<\/strong><\/a><strong>)<\/strong>\u00a0<\/p>\n<p>Headquartered and listed in Singapore in 2021, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold.\u00a0 As at 30 September 2024, CLI had S$134 billion of assets under management, as well as S$102 billion of funds under management held via stakes in seven listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in demographics, disruption and digitalisation-themed strategies. Its diversified real asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres, private credit and special opportunities.<\/p>\n<p>CLI aims to scale its fund management, lodging management and commercial management businesses globally and maintain effective capital management.\u00a0 As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand Group\u2019s development arm. In 2025, CapitaLand Group celebrates 25 years of excellence in real assets and continues to innovate and shape the industry.<\/p>\n<p>As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050.\u00a0 CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.<\/p>\n<p><a href=\"https:\/\/www.capitaland.com\/international\/en\/more-from-capitaland\/social-media.html?cid=NewsRelease%3AApr18%3ADigital%3APDF%3ASocialMediaPage\" rel=\"nofollow\" target=\"_blank\"><strong>Follow\u00a0@CapitaLand\u00a0on\u00a0social\u00a0media<\/strong><\/a><\/p>\n<p><strong>LinkedIn:\u00a0<\/strong><a href=\"http:\/\/www.linkedin.com\/company\/capitaland-limited\" rel=\"nofollow\" target=\"_blank\">linkedin.com\/company\/capitaland-limited<\/a><br \/><strong>Facebook:<\/strong>\u00a0@capitaland \/ <a href=\"http:\/\/facebook.com\/capitaland\" rel=\"nofollow\" target=\"_blank\">facebook.com\/capitaland<\/a><br \/><strong>Instagram:<\/strong>\u00a0@capitaland \/ <a href=\"https:\/\/instagram.com\/capitaland\" rel=\"nofollow\" target=\"_blank\">instagram.com\/capitaland<\/a><br \/><strong>X:<\/strong>\u00a0@CapitaLand \/ <a href=\"https:\/\/x.com\/CapitaLand\" rel=\"nofollow\" target=\"_blank\">x.com\/CapitaLand<\/a><br \/><strong>YouTube: <\/strong><a href=\"http:\/\/www.youtube.com\/capitaland\" rel=\"nofollow\" target=\"_blank\">youtube.com\/capitaland<\/a>\u00a0\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><strong>Important Notice<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">This announcement and the information contained herein does not constitute and is not intended to constitute an offering of any investment product to, or solicitation of, investors in any jurisdiction where such offering or solicitation would not be permitted.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[1] Includes\u00a0CLI&#8217;s equity contribution.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[2] Based on the exchange rate of KRW 1 to S$0.000940 unless stated otherwise.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[3] Source: CBRE Korea&#8217;s 2024 Korea Investor Intentions Survey.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[4] Plus an earn-out that is based on certain performance hurdles over a three-year period post completion of the transaction.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[5]\u00a0Subject to completion adjustments.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[6] Based on the exchange rate of A$1 to KRW 912.925532 unless stated otherwise.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[7] Based on the exchange rate of S$1 to KRW 1,063.829790 unless stated otherwise.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[8]\u00a0Including assets under development.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\u00a0<\/div>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" title=\"logo\" src=\"https:\/\/mma.prnasia.com\/media2\/2359216\/CapitaLand_Investment_HD_Logo.jpg?p=medium600\" alt=\"\" width=\"118\" border=\"0\" hspace=\"0\" vspace=\"0\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul type=\"disc\">\n<li><strong><em>Forms strategic partnership with Korea Investment &amp; Securities<span>, <\/span><\/em><\/strong><strong><em><span>signifying ambition to further grow CLI&#8217;s private credit portfolio in <span class=\"xn-location\">South Korea<\/span><\/span><\/em><\/strong><\/li>\n<li><strong><em>Deploys\u00a0KRW 40 billion loan for a data centre development in Guro, <span class=\"xn-location\">Seoul<\/span><\/em><\/strong><\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SEOUL, South Korea<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 20, 2025<\/span><\/span> \/PRNewswire\/ &#8212; CapitaLand Investment Limited (CLI), a leading global real asset manager, has closed its first <span class=\"xn-location\">South Korea<\/span> private credit fund with a total equity commitment of <span class=\"xn-money\">KRW 180 billion<\/span><sup>[1]<\/sup> (<span class=\"xn-money\">S$169.2 million<\/span><sup>[2]<\/sup>), increasing its funds under management in its focus market of <span class=\"xn-location\">South Korea<\/span> to <span class=\"xn-money\">S$3.1 billion<\/span>. The\u00a0<span>CapitaLand Korea Investment<\/span> No. 1 Private Equity Fund (PEF) will invest in construction, asset-backed or mortgage loans for diversified asset classes such as\u00a0data centre, lodging, office or residential in gateway cities in <span class=\"xn-location\">South Korea<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2603440\/Guro_DC.html\" rel=\"nofollow\" target=\"_blank\"> <img decoding=\"async\" title=\"CapitaLand Investment's PEF has deployed a KRW 40 billion loan for the development of a data centre (pictured) in Guro, Seoul. With positive demand-supply dynamics and 30 megawatts of power secured, the data centre is well-positioned to capture demand when completed in 3Q 2028.\" src=\"https:\/\/mma.prnasia.com\/media2\/2603440\/Guro_DC.jpg?p=medium600\" alt=\"CapitaLand Investment's PEF has deployed a KRW 40 billion loan for the development of a data centre (pictured) in Guro, Seoul. With positive demand-supply dynamics and 30 megawatts of power secured, the data centre is well-positioned to capture demand when completed in 3Q 2028.\" \/> <\/a> <br \/><span>CapitaLand Investment&#8217;s PEF has deployed a KRW 40 billion loan for the development of a data centre (pictured) in Guro, Seoul. With positive demand-supply dynamics and 30 megawatts of power secured, the data centre is well-positioned to capture demand when completed in 3Q 2028.<\/span><\/p>\n<\/div>\n<p>CLI has formed a strategic partnership with Korea Investment &amp; Securities (KIS), a subsidiary of a major financial conglomerate Korea Investment Holdings, to jointly manage PEF as co-general partners. <span>CLI holds an 11% sponsor stake in PEF, which is in line with its asset-light strategy to grow its funds under management while keeping strong alignment with investors.<\/span><\/p>\n<p>PEF has deployed a KRW 40 billion loan for the development of a data centre in Guro, Seoul. The\u00a0Guro district is a key data centre cluster in the west of <span class=\"xn-location\">Seoul<\/span>, five kilometres from Yeouido Business District. The cluster hosts several leading cloud companies as well as IT and financial companies. With positive demand-supply dynamics and 30 megawatts of power secured, the data centre is well-positioned to capture demand when completed in 3Q 2028. <span>SK Ecoplant, which has a credit rating of A-, will deliver the project and provide completion guarantee. SK Ecoplant is the construction and engineering arm of SK Group \u2013 one of the largest conglomerates in <span class=\"xn-location\">South Korea<\/span>. KT\u00a0Cloud Corp., a subsidiary of <span class=\"xn-location\">South Korea&#8217;s<\/span> telecommunications giant KT Corp, will lease and operate the data centre.<\/span><\/p>\n<p>Mr <span class=\"xn-person\">Matthew Sohn<\/span>, CLI&#8217;s Chief Executive Officer for Korea, said: &#8220;The strong institutional participation in PEF is testament to the network and trust CLI has built over more than 20 years of operating in the country. Leveraging\u00a0CLI&#8217;s deep understanding of <span class=\"xn-location\">South Korea&#8217;s<\/span> real estate investment landscape across multiple asset classes, we are able to expand our suite of fund products and identify suitable investment opportunities to meet investors&#8217; demand.&#8221;\u00a0<\/p>\n<p>&#8220;CLI has been fast-tracking its growth in private credit and its entry into <span class=\"xn-location\">South Korea&#8217;s<\/span> private credit segment is in line its investment strategy that focuses on the theme of &#8216;Disruption&#8217;. Despite the gradual decline in interest rates, South Korean banks have been reducing their proportion of real estate loans in their portfolio<sup>[3]<\/sup>. As traditional lenders in <span class=\"xn-location\">South Korea<\/span> become increasingly conservative, the widening funding gap creates opportunities for private lenders. Through our strategic partnership with\u00a0KIS, the combination of our deal-sourcing, fund management and private credit expertise will position PEF for success. We <span>see strong potential to scale our private credit portfolio in <span class=\"xn-location\">South Korea<\/span> and<\/span> remain committed to delivering long-term value for our capital partners,&#8221; added Mr\u00a0Sohn.<\/p>\n<p><span>CLI&#8217;s expansion in private credit<\/span><\/p>\n<p>The launch of PEF in <span class=\"xn-location\">South Korea<\/span> follows <a href=\"https:\/\/www.capitaland.com\/en\/about-capitaland\/newsroom\/news-releases\/international\/2024\/december\/CLI-announces-acquisition-Wingate-boost-private-credit-capabilities-Australia-presence.html\" rel=\"nofollow\" target=\"_blank\">CLI&#8217;s announcement in <span class=\"xn-chron\">December 2024<\/span> to acquire<sup><span>[4]<\/span><\/sup> Wingate for <span class=\"xn-money\">A$200 million<\/span><sup>[5]<\/sup>\u00a0<\/a>\u00a0(<span class=\"xn-money\">KRW 182.6 billion<\/span><sup>[6]<\/sup>). Wingate is one of <span class=\"xn-location\">Australia&#8217;s<\/span> leading and largest private credit investment managers. With the addition of\u00a0Wingate, CLI will expand its private credit business and its portfolio in <span class=\"xn-location\">Australia<\/span>. Wingate will also enlarge CLI&#8217;s extensive proprietary deal origination networks and enhance its access to more institutional and private high net worth investors.\u00a0<\/p>\n<p>In <span class=\"xn-chron\">November 2024<\/span>, CLI also announced the close of its Australia Credit Program (ACP). Conceived and originated in partnership with\u00a0Wingate, ACP is CLI&#8217;s <span class=\"xn-money\">A$265 million<\/span> (<span class=\"xn-money\">KRW 241.9 billion<\/span><span><sup>[<\/sup><sup>6]<\/sup><\/span>) maiden credit fund.\u00a0<\/p>\n<p><span>Growing CLI&#8217;s presence in <span class=\"xn-location\">South Korea<\/span><\/span><\/p>\n<p>With the addition of PEF, CLI manages 16 private funds in <span class=\"xn-location\">South Korea<\/span>. In August 2024,\u00a0<a href=\"https:\/\/www.capitaland.com\/en\/about-capitaland\/newsroom\/news-releases\/Korea\/CLI-closes-new-KRW-200-billion-value-add-office-fund-in-South-Korea-to-grow-funds-under-management.html\" rel=\"nofollow\" target=\"_blank\">CLI closed a value-add office blind pool fund in <span class=\"xn-location\">South Korea<\/span> with total equity commitment of <span class=\"xn-money\">KRW 200 billion<\/span><\/a> (<span class=\"xn-money\">S$188 million<\/span><sup>[2]<\/sup>). The private fund is a strategic partnership with KB Bank, an affiliate of the country&#8217;s largest financial group, KB Financial Group. In September 2023,\u00a0CLI&#8217;s flagship regional core-plus fund, CapitaLand Open End Real Estate Fund, acquired a newly completed, high specifications logistics property <a href=\"https:\/\/www.capitaland.com\/en\/about-capitaland\/newsroom\/news-releases\/international\/2023\/september\/COREF_exceeds_SGD1bil_FUM.html\" rel=\"nofollow\" target=\"_blank\">Anseong Seongeun Logistics Centre for <span class=\"xn-money\">S$112 million<\/span> (<span class=\"xn-money\">KRW 119.1 billion<\/span><sup><span>[7]<\/span><\/sup>)<\/a><a href=\"https:\/\/www.capitaland.com\/en\/about-capitaland\/newsroom\/news-releases\/international\/2023\/september\/COREF_exceeds_SGD1bil_FUM.html\" rel=\"nofollow\" target=\"_blank\">.<\/a><\/p>\n<p>CLI&#8217;s diversified portfolio in <span class=\"xn-location\">South Korea<\/span> comprises offices, logistics facilities, lodging properties, self-storage and data centres<sup>[8]<\/sup>. CLI has nine serviced residences and hotels, with more than 2,400 units in <span class=\"xn-location\">Seoul<\/span>, <span class=\"xn-location\">Busan<\/span>, Cheongju, Incheon and Jeju, through its wholly owned lodging business unit, The Ascott Limited and its lodging trust, CapitaLand Ascott Trust.<\/p>\n<p><strong>About CapitaLand Investment Limited (<\/strong><a href=\"http:\/\/www.capitalandinvest.com\/\" rel=\"nofollow\" target=\"_blank\"><strong>www.capitalandinvest.com<\/strong><\/a><strong>)<\/strong>\u00a0<\/p>\n<p>Headquartered and listed in Singapore in 2021, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold.\u00a0 As at 30 September 2024, CLI had S$134 billion of assets under management, as well as S$102 billion of funds under management held via stakes in seven listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in demographics, disruption and digitalisation-themed strategies. Its diversified real asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres, private credit and special opportunities.<\/p>\n<p>CLI aims to scale its fund management, lodging management and commercial management businesses globally and maintain effective capital management.\u00a0 As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand Group\u2019s development arm. In 2025, CapitaLand Group celebrates 25 years of excellence in real assets and continues to innovate and shape the industry.<\/p>\n<p>As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050.\u00a0 CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.<\/p>\n<p><a href=\"https:\/\/www.capitaland.com\/international\/en\/more-from-capitaland\/social-media.html?cid=NewsRelease%3AApr18%3ADigital%3APDF%3ASocialMediaPage\" rel=\"nofollow\" target=\"_blank\"><strong>Follow\u00a0@CapitaLand\u00a0on\u00a0social\u00a0media<\/strong><\/a><\/p>\n<p><strong>LinkedIn:\u00a0<\/strong><a href=\"http:\/\/www.linkedin.com\/company\/capitaland-limited\" rel=\"nofollow\" target=\"_blank\">linkedin.com\/company\/capitaland-limited<\/a><br \/><strong>Facebook:<\/strong>\u00a0@capitaland \/ <a href=\"http:\/\/facebook.com\/capitaland\" rel=\"nofollow\" target=\"_blank\">facebook.com\/capitaland<\/a><br \/><strong>Instagram:<\/strong>\u00a0@capitaland \/ <a href=\"https:\/\/instagram.com\/capitaland\" rel=\"nofollow\" target=\"_blank\">instagram.com\/capitaland<\/a><br \/><strong>X:<\/strong>\u00a0@CapitaLand \/ <a href=\"https:\/\/x.com\/CapitaLand\" rel=\"nofollow\" target=\"_blank\">x.com\/CapitaLand<\/a><br \/><strong>YouTube: <\/strong><a href=\"http:\/\/www.youtube.com\/capitaland\" rel=\"nofollow\" target=\"_blank\">youtube.com\/capitaland<\/a>\u00a0\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><strong>Important Notice<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">This announcement and the information contained herein does not constitute and is not intended to constitute an offering of any investment product to, or solicitation of, investors in any jurisdiction where such offering or solicitation would not be permitted.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[1] Includes\u00a0CLI&#8217;s equity contribution.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[2] Based on the exchange rate of KRW 1 to S$0.000940 unless stated otherwise.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[3] Source: CBRE Korea&#8217;s 2024 Korea Investor Intentions Survey.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[4] Plus an earn-out that is based on certain performance hurdles over a three-year period post completion of the transaction.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[5]\u00a0Subject to completion adjustments.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[6] Based on the exchange rate of A$1 to KRW 912.925532 unless stated otherwise.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[7] Based on the exchange rate of S$1 to KRW 1,063.829790 unless stated otherwise.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">[8]\u00a0Including assets under development.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\u00a0<\/div>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-18144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/18144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18144"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/18144\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}